Tip of the Week: Recurring Expenses

The convenience of recurring expenses is obvious; it saves a lot of time for attorneys to be able to charge clients for routine charges through a recurring expense set up for agreed services, and it’s a reassuring way of improving your cash flow while speeding up the payment process, saving you time from having to chase down payments from clients so that you can focus on what’s important!

With TimeSolv, we like to make everything as easy as possible for our clients. After all, our purpose is to save you as much time as possible so you can focus on ways to increase your business and earnings. That’s why we have made it so easy for our clients to set up recurring expenses. Simply head under Expense>Settings, and ensure the ‘Enable Recurring Expense?‘ checkbox is enabled.

When you click Save and head back under the Expense tab, you will find the option of Recurring Expense link is now available for you.

Click on the New Recurring Expense Entry button and you will see a window appear with similar fields to those you use when entering expenses in TimeSolv. The main difference is that you can specify the frequency of this expense, as well as the start and end dates (optional in case the expense is indefinite). Click Save and your recurring expenses will now be included in invoices you generate for this Matter/Project. If you ever need to stop an incurring expense, simply head back here under this screen and specify an end date.

If you’d like more help on setting up recurring expenses call us at 1.800.715.1284, email us at support@timesolv.com or schedule a FREE 30-minute support session.